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DALLAS--(BUSINESS WIRE)--March 23, 2006--In BW5600 issued March 23, 2006: Please replace the release with the following corrected version due to multiple revisions.
The corrected release reads:
ZIX CORPORATION EMAIL ENCRYPTION SELECTED BY TWO REGIONAL FINANCIAL INSTITUTIONS; CITIZENS BANK AND UPPER VALLEY COMMUNITY CREDIT UNION FOLLOW LEAD OF FOUR OF FIVE FEDERAL REGULATORS
Zix Corporation (ZixCorp(R)), (Nasdaq: ZIXI), the leader in hosted services for email encryption and e-prescribing, today announced that Citizens Bank, based in the Tri-Cities, TN / VA market and Upper Valley Community Credit Union (UVCCU), based in Lebanon, N.H., have signed contracts for ZixCorp email encryption services.
"The fact that ZixCorp encryption services are used by four of the five federal regulators was a primary factor in our decision," said Stephen J. Bentley, chief executive officer for UVCCU. "We also appreciated the fact that ZixCorp services were one of the few that worked with POP mail and were affordable and effective for a small credit union like ours."
ZixCorp email encryption services -- ZixMail(R), ZixVPM(R), and ZixPort(R) -- are used by a broad range of financial institutions, including state and local banks, financial departments of state governments, and federal financial institutions. ZixVPM protects sensitive information company-wide and automatically encrypts messages containing customers' personally identifiable financial information, including Social Security numbers, account numbers, credit card numbers, and financial terms. ZixMail enables individual users to encrypt and decrypt messages to anyone. ZixPort provides custom branding and encrypted messaging functionality.
"Prior to contracting for ZixVPM, our process to send secure email was cumbersome for our users and involved multiple steps including the use of passwords and a third-party Web site. ZixCorp streamlines the process, makes it seamless to our users and the ZixCorp financial lexicons can even eliminate human errors. That provides our management team with additional peace of mind knowing that ZixVPM is monitoring our emails to protect our sensitive information," said C. Scott Greer, chief financial officer and chief operating officer for Citizens Bank."
"I am very pleased that these two financial institutions have chosen to join the ZixCorp network of more than 4 million email recipients. We've seen tremendous growth in the financial services sector due in part to the fact that ZixCorp services have been deployed by the majority of the major federal regulators including the Office of the Comptroller of Currency, the Conference of State Bank Supervisors, and the National Credit Union Administration," said Rick Spurr, chief executive officer for ZixCorp. "Increased awareness of identity theft, fines, and several bills proposed in Congress, such as the Personal Data Privacy and Security Act, has led financial institutions to review their security policies and processes and take advantage of our service to help prevent data breaches and loss of reputation. We believe we're positioned well for continued growth in this strategic segment of the market."
UVCCU has over $14 million in assets and serves 3,500 members in New Hampshire and Vermont. For more information, visit www.uvccu.org.
Citizens, with total assets of $550 million, boasts Preferred Lender status with the U.S. Small Business Administration and through its SBA lending division, Small Business Resources, consistently ranks as the number one SBA lender in its Tri-Cities region. For more information, visit www.citizensbank24.com.
About Zix Corporation
Zix Corporation (ZixCorp(R)) provides easy-to-use-and-deploy email encryption and e-prescribing services that protect, manage, and deliver sensitive information to the healthcare, finance, insurance, and government industries. ZixCorp's email encryption services enable policy-driven email security, content filtering, and send-to-anyone capability. Its e-prescribing service provides point-of-care access and transmission of patient and payor data that improves patient care, reduces costs, and improves efficiency. For more information, visit www.zixcorp.com.
CONTACT: Zix Corporation, Dallas
Farrah Corley, 214-370-2175
Peter Wilensky, 214-515-7357
SOURCE: Zix Corporation